GBP/JPY – 4H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards

A continuation of the uptrend up to the next resistance level at will persist.

Caution: A possible reversal of the trend in the direction of the support level at 206.18100 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

There is also a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

207.355 – 207.194 – 206.852 – 206.18100 – 205.19 – 204.284 —
206.85300 – 207.32500 —
55.367544086237 – 60.17910436551 —
206.18100 – 1764921600 —
207.35500 – 1764820800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –